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    The Largest CRE Database in the US with Over 1 Million Listings

    124 Private Road 2381 Decatur, TX 76234

    Sponsored
    For Sale
    $6,450,000

    Spanish, Farm/Ranch - Decatur, TX

    Type:Farm
    Property size:
    8,200 SF
    Lot size:
    25.00 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 4 at 2:06 pm

    Property Features for 124 Private Road 2381

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    8
    APN
    791936
    Parking features
    Driveway, Garage, Gated, Guest, Heated, Oversized
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Built-in Wine Cooler, Cable Tv Available, Chandelier, Double Vanity, Dry Bar, Eat-in Kitchen, Flat Screen Wiring, Granite Counters, High Speed Internet Available, Kitchen Island, Loft, Open Floorplan, Pantry, Smart Home System, Sound System Wiring, Walk-in Closet(s)
    Exterior features
    Attached Grill, Awning(s), Balcony, Basketball Court, Built-in Barbecue, Courtyard, Covered Patio/Porch, Fire Pit, Gas Grill, Lighting, Outdoor Kitchen, Outdoor Living Center, Playground, Private Entrance, Private Yard, Putting Green, Storage, Tennis Court(s), Other
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Oven - Convection, Oven - Double, Range, Range - Gas, Refrigerator, Washer
    Size
    8,200 SF
    Lot size
    25.00 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Fireplace(s)

    Building Details

    Year built
    2017
    Floors in Building
    2
    Flooring type
    Concrete, Tile, Wood
    Building materials
    Stone, Stucco
    Roof type
    Spanish Tile, Tile
    Architectural style
    Ranch
    Additional Structures
    Outdoor Kitchen, Storage, Tennis Court(s)

    We can help!

    Listing Contact
    Kimberly Tillman

    Lake & Country Realty, LLC (903) 267-2218

    Listing agent Kimberly Tillman (940) 580-2240 License #0817312

    Listing date Mar 2, 2026

    MLS# 21187137 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Decatur Estate: Pinnacle of Privacy

    This high-security estate spans 25 acres and includes three distinct residences totaling approximately 14,000 sq. ft. of living space. The property is suitable for multi-generational living, a high-end short-term rental portfolio, or a private corporate retreat, wedding venue, or private sanctuary. The main residence, known as The Castle, features grand-scale entertaining areas, a formal library, an executive office, and a professional-grade home theater. It includes five en-suite bedrooms and three half baths, totaling 8,200 sq. ft. The Cliff House is a 2,600 sq ft residence with two bedrooms and two bathrooms, featuring a resort-style pool and spa. The European Villa is a 600 sq. ft. guest retreat with a private balcony and artisan finishes. The Hangar-Apartment offers 600 sq ft of living space with two bedrooms and one bathroom, located within the 5,000 sq. ft. multi-use hangar. Aviation and auto amenities include a private helicopter pad, a 5,000 sq. ft. hangar-barn, and a six-car garage. The property is equipped with a private solar farm and high-capacity propane systems. Recreational amenities include a driving range, putting green, multi-sport court, and custom playground. The site is ready for a 250x250 professional equestrian arena and stables. The estate features nine bedrooms and twelve bathrooms, five gourmet kitchens, a wine bar, and five fireplaces. The property is located in Decatur, TX.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.567802
    Latitude
    33.315379

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    FAQs

    What type of property is this?
    Specialty property - Luxury estate with multiple residences, aviation amenities, and recreational facilities.
    Where is this specialty property located?
    The property is located at 124 Private Road 2381 Decatur, TX.
    What is the asking price?
    The asking price for this property is $6,450,000.
    What are key features of this property?
    This property features: - 25-acre high-security estate offering privacy and panoramic views.; - Three distinct residences totaling approximately 14,000 sq. ft. suitable for multi-generational living, rental income, or corporate retreat.; - Aviation and auto amenities include a private helicopter pad, 5,000 sq. ft. hangar-barn, and 6-car garage.
    (940) 580-2240
    Request Owner's contact information
    124 Private Road 2381 Decatur, TX 76234
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    Decatur, TX 76234
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 Private Road 2381 Decatur, TX 76234
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    We can help!
    Listing Contact
    Kimberly Tillman
    Real Estate License ID: 0817312
    (940) 580-2240
    Learn more
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